Effect of climate finance on environmental quality: A global analysis

IF 1.2 Q3 ECONOMICS Research in Economics Pub Date : 2024-08-24 DOI:10.1016/j.rie.2024.100989

Tibi Didier Zoungrana , Aguima Aimé Bernard Lompo , Daouda Lawa tan Toé

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Abstract

Climate finance is an increasingly sought-after instrument for reducing greenhouse gas emissions by financing adaptation and mitigation measures. There is a global commitment to achieve the Sustainable Development Goals (SDGs), particularly with regard to tackling climate change. The mobilization and use of climate finance could influence environmental quality. This paper focuses on analyzing the impact of climate finance on environmental quality in 111 countries worldwide over the period 2000-2019. This study uses the generalized method of moments (GMM) in panel data. The main results indicate a positive effect of climate finance on environmental quality, reflecting the theory of financial ecology. More specifically, climate finance targeting climate change mitigation measures has a significant effect on environmental quality. Member countries of the United Nations Framework Convention on Climate Change (UNFCCC) and private sector actors should implement strategies to monetize climate finance and invest heavily in mitigation and adaptation measures to improve environmental quality.

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气候融资对环境质量的影响：全球分析

气候融资是通过资助适应和减缓措施来减少温室气体排放的一种日益受追捧的工具。全球都致力于实现可持续发展目标（SDGs），尤其是在应对气候变化方面。气候融资的动员和使用可影响环境质量。本文重点分析了 2000-2019 年间气候融资对全球 111 个国家环境质量的影响。研究使用了面板数据中的广义矩方法（GMM）。主要结果表明，气候融资对环境质量有积极影响，反映了金融生态学理论。更具体地说，以减缓气候变化措施为目标的气候融资对环境质量有显著影响。联合国气候变化框架公约》（UNFCCC）成员国和私营部门行动者应实施气候融资货币化战略，大力投资于减缓和适应措施，以改善环境质量。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in Economics ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

89 days

期刊介绍： Established in 1947, Research in Economics is one of the oldest general-interest economics journals in the world and the main one among those based in Italy. The purpose of the journal is to select original theoretical and empirical articles that will have high impact on the debate in the social sciences; since 1947, it has published important research contributions on a wide range of topics. A summary of our editorial policy is this: the editors make a preliminary assessment of whether the results of a paper, if correct, are worth publishing. If so one of the associate editors reviews the paper: from the reviewer we expect to learn if the paper is understandable and coherent and - within reasonable bounds - the results are correct. We believe that long lags in publication and multiple demands for revision simply slow scientific progress. Our goal is to provide you a definitive answer within one month of submission. We give the editors one week to judge the overall contribution and if acceptable send your paper to an associate editor. We expect the associate editor to provide a more detailed evaluation within three weeks so that the editors can make a final decision before the month expires. In the (rare) case of a revision we allow four months and in the case of conditional acceptance we allow two months to submit the final version. In both cases we expect a cover letter explaining how you met the requirements. For conditional acceptance the editors will verify that the requirements were met. In the case of revision the original associate editor will do so. If the revision cannot be at least conditionally accepted it is rejected: there is no second revision.